Octaura completes first fully electronic syndicated loan trades

By Leandra Monteiro

Octaura, an electronic trading platform for syndicated loans, announced the successful execution of their initial syndicated loan trades.

Backed by eight leading financial institutions, the company has built an open market electronic trading solution offering leveraged loan market participants access to data and analytics, trading execution and booking on a single platform. Upon the success of the initial syndicated loan trades, the company will move forward with releasing its beta version for loan trading sessions prior to the official launch.

“We created Octaura to improve participant efficiency, liquidity and transparency by modernizing the way syndicated loans are traded,” said Octaura, CEO, Brian Bejile. “We’re proud to have created a comprehensive electronic trading solution increasing the accessibility and transparency essential to fostering digital trust between market participants.”

This announcement comes at a time of unprecedented growth in the syndicated loan market having reached $1.45 trillion but continuing to remain a largely manual market. Octaura has reimagined the way the asset class is traded and created an accessible solution providing real-time feedback and efficient execution, encouraging new investor participation, and driving liquidity to the loan markets.

The platform streamlines end-to-end workflow efficiencies offering investors Financial Information Exchange (FIX) connectivity, execution of live trades and automated trade bookings using Straight Through Processing (STP) capabilities.